New Issue: Freddie Mac prices $15 million five-year non-call one-year step up notes at 1.25% initial rate

New York, July 27 - Freddie Mac priced $15 million of 1.25% initial rate five-year non-call one-year step up medium-term notes at par, according to the agency's web site.

The bonds will mature on Aug. 26, 2020 and have a Bermuda call beginning Aug. 26, 2016.

Multi-Bank Securities Inc. is the manager.

Issuer:	Freddie Mac
Issue:	Step up medium-term notes
Amount:	$15 million
Maturity:	Aug. 26, 2020
Coupon:	1.25% from Aug. 26, 1.50% from Aug. 26, 2016, 2.00% from Aug. 26, 2017, 3.00% from Aug. 26, 2018, 4.00% from Aug. 26, 2019
Price:	Par
Call:	Bermuda call beginning Aug. 26, 2016
Pricing date:	July 23
Settlement date:	Aug. 26
Underwriter:	Multi-Bank Securities Inc.
Cusip:	3134G7PL9

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